Ultra-Wideband Market Size (2024 - 2029)

The Ultra-Wideband market is poised for significant expansion, driven by factors such as increasing urbanization, digitalization, and advancements in semiconductor technology. The growing integration of UWB technology in smart cities and homes, particularly in digital security applications like access control systems, presents substantial growth opportunities. Despite the competitive landscape with established wireless protocols like Wi-Fi and Bluetooth, the demand for UWB technology is expected to rise, supported by its adoption in consumer electronics and connected devices. This trend underscores the market's potential for growth in the coming years.

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Market Size of Ultra-Wideband Industry

Ultra-Wideband Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.82 Billion
Market Size (2029) USD 4.08 Billion
CAGR (2024 - 2029) 17.53 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Ultra Wideband Market Major Players

*Disclaimer: Major Players sorted in no particular order

Ultra Wideband (UWB) Market Analysis

The Ultra-Wideband Market size is estimated at USD 1.82 billion in 2024, and is expected to reach USD 4.08 billion by 2029, growing at a CAGR of 17.53% during the forecast period (2024-2029).

  • Increasing urbanization and digitalization strategy adoptions in line with the growing industrial infrastructure and smart homes, technological advancements to improve the operation of semiconductor tools, and increasing digitization in healthcare and retail sectors worldwide are other factors driving the market's growth.
  • With the growth of smart cities and homes, the increasing applications of UWB technology in the digital security segments are expected to boost the market's growth, including Ultra-wideband technology enhancing security in access control systems. Access control systems can restrict access to secure areas by utilizing their precise ranging capabilities, allowing only authorized individuals entry. This shows the market's future growth opportunity with the increasing demand for intelligent security solutions worldwide.
  • However, Wi-Fi and Bluetooth are the standard wireless communications protocols traditionally implemented in connected devices. They are still gaining significant traction in various applications, thus limiting the growth in demand for UWB technology. Bluetooth technology is still widely used in consumer electronic products, owing to its low price among other wireless communication protocols.
  • OEMs' increasing usage of Ultra-wideband-based chips and components in electronic devices will support market growth in the future. For instance, in October 2023, Samsung Electronics announced the Galaxy SmartTag2, enabling users to track valuables better and can be integrated with UWB-enabled smartphones for managing the locations.
  • Galaxy products that support UWB include Galaxy Note20 Ultra, Galaxy S21+, Galaxy S21 Ultra, Galaxy S22+, Galaxy S22 Ultra, Galaxy S23+, Galaxy S23 Ultra, Galaxy Z Fold2, Z Fold3, Z Fold4, and Z Fold5, which shows the increasing demand for the UWB technology in the smartphones and connected devices in the market, which would fuel the market's growth.

Ultra Wideband (UWB) Industry Segmentation

Ultra-wideband (UWB) is a radio technology that covers a large part of the radio spectrum while sending short-range, high-bandwidth messages with very little power. As a short-range communication method, it works at very high frequencies, across a wide range of GHz frequencies, to collect accurate information about space and direction.UWB has various traditional applications, especially in non-cooperative radar imaging. Most of its current applications focus on gathering exact locations and tracking sensor data.

The ultra-wideband market is segmented by application (RTLS, imaging, and communication), end-user vertical (healthcare, automotive and transportation, manufacturing, consumer electronics, retail, and other end-user verticals), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

By Application
RTLS
Imaging
Communication
By End-user Vertical
Healthcare
Automotive and Transportation
Manufacturing
Consumer Electronics
Global UWB-enabled Device Shipments by Major Application
Indicative Share of UWB-enabled Smartphone Devices by Region
Indicative Share of UWB Smartphones - Asia-Pacific Country Level
Key Applications Insights in Smartphone, IoT, and Wearables
Impact of Regulatory Changes on the Adoption of UWB in Consumer Devices
Major UWB Suppliers for Smartphone Companies
Retail
Other End-user Verticals
By Geography***
North America
Europe
Asia-Pacific
Australia and New Zealand
Latin America
Middle East & Africa
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Ultra-Wideband Market Size Summary

The Ultra-Wideband (UWB) market is poised for significant growth, driven by the increasing integration of UWB technology in various sectors such as consumer electronics, smart homes, and automotive industries. The technology's ability to provide high data rate wireless communications has led to its adoption in high-end smartphones, premium laptops, and smart home devices, offering vast potential for market expansion. The growing trend of urbanization and digitalization, coupled with advancements in semiconductor tools, is further propelling the market. UWB's application in enhancing digital security, particularly in access control systems, is expected to contribute to its market growth, as the demand for intelligent security solutions continues to rise globally.

Despite the competitive landscape dominated by traditional wireless communication protocols like Wi-Fi and Bluetooth, UWB technology is gaining traction, especially in the Asia-Pacific region, where its adoption in connected cars and electric vehicles is on the rise. The market is characterized by the presence of key players such as Qorvo Inc., Humatics Corporation, and Apple Inc., who are actively engaging in mergers, acquisitions, and product innovations to expand their market presence. The introduction of UWB-enabled chips and components in electronic devices, as well as its integration in automotive applications, underscores the technology's growing importance and the market's potential for future growth.

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Ultra-Wideband Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 An Assessment of the Impact of Macroeconomic Factors on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 RTLS

      2. 2.1.2 Imaging

      3. 2.1.3 Communication

    2. 2.2 By End-user Vertical

      1. 2.2.1 Healthcare

      2. 2.2.2 Automotive and Transportation

      3. 2.2.3 Manufacturing

      4. 2.2.4 Consumer Electronics

        1. 2.2.4.1 Global UWB-enabled Device Shipments by Major Application

        2. 2.2.4.2 Indicative Share of UWB-enabled Smartphone Devices by Region

        3. 2.2.4.3 Indicative Share of UWB Smartphones - Asia-Pacific Country Level

        4. 2.2.4.4 Key Applications Insights in Smartphone, IoT, and Wearables

        5. 2.2.4.5 Impact of Regulatory Changes on the Adoption of UWB in Consumer Devices

        6. 2.2.4.6 Major UWB Suppliers for Smartphone Companies

      5. 2.2.5 Retail

      6. 2.2.6 Other End-user Verticals

    3. 2.3 By Geography***

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Australia and New Zealand

      5. 2.3.5 Latin America

      6. 2.3.6 Middle East & Africa

Ultra-Wideband Market Size FAQs

The Ultra-Wideband Market size is expected to reach USD 1.82 billion in 2024 and grow at a CAGR of 17.53% to reach USD 4.08 billion by 2029.

In 2024, the Ultra-Wideband Market size is expected to reach USD 1.82 billion.

Ultra Wideband Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)